Authorised rep take-up limited for accountants
Despite being tipped as the popular option for accountants, new research has shown that the take-up of the authorised representative route for accountants looking to provide SMSF advice after 1 July remains limited.
To no surprise, ASIC has been reporting for months that the take-up of the limited licence option, which involves an accountant obtaining their own AFSL, is slow. Only 149 applications were approved as of 23 May this year.
Read the full story at SMSF Adviser.